The results of Union Bancaire pour le Commerce et l’Industrie (UBCI) for the first half of 2002 show an increase in its main business indicators.
During this period, UBCI posted a 6.8% rise in deposits to 3,625 million dinars, driven by a significant 9.5% increase in savings deposits.
At the same time, the Bank’s loan portfolio grew by 5.7% to 3,085 million dinars, while maintaining strict risk management.
Prudential ratios, in particular the NPL ratio and the coverage ratio, remain among the best in the banking sector. In addition, the portfolio of commercial and investment securities recorded a robust growth of 14.53%.
Net banking income at the end of the first half of the year amounted to 153.4 million dinars. This result includes a net operating margin of 87.4 million dinars, net commissions of 32.7 million dinars, up 9.3%, and income from commercial and investment securities of 33.3 million dinars, up 5.4%.
Operating expenses were kept under control, rising by 7.5% despite a period of intensive investment.
UBCI continues to actively implement its transformation and investment program launched in 2021.
